Month: June 2021

EmployBridge to be Acquired by Apollo Funds

Written by Customer Service on June 3, 2021. Posted in Mergers And Acquisitions.

Transaction Expected to Accelerate Growth and Expand Capabilities NEW YORK and ATLANTA, June 03, 2021 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that funds managed by its affiliates (the “Apollo Funds”) have entered into a definitive agreement to acquire EmployBridge, the largest industrial staffing company in the United States. “EmployBridge is a leading provider of specialized workforce solutions and uniquely positioned to support the increasing and complex demands of corporations across the supply chain,” said Robert Kalsow-Ramos, Private Equity Partner at Apollo. “Looking forward, we see a significant opportunity to grow and enhance the EmployBridge platform through investments in technology and the associate experience and continuing...

Quanex Building Products Announces Second Quarter 2021 Results and Increases Full Year 2021 Guidance Again

Written by Customer Service on June 3, 2021. Posted in Earnings Releases And Operating Results.

Robust Revenue Growth Realized Across All Operating SegmentsSignificant Margin Expansion in NA and EU Fenestration SegmentsStrong Balance SheetRepaid $25 Million of Bank DebtPositive Outlook Remains Intact HOUSTON, June 03, 2021 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced its results for the three months ended April 30, 2021. The Company reported the following selected financial results: Three Months Ended April 30, Six Months Ended April 30,($ in millions, except per share data) 2021 2020 2021 2020 Net Sales $270.4 $187.5 $500.5 $384.1 Gross Margin $61.9 $37.7 $115.6 $76.9 Gross Margin % 22.9% 20.1% 23.1% 20.0% Net Income $14.5 $5.5 $22.4 $5.5 Diluted...

Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results

Written by Customer Service on June 3, 2021. Posted in Earnings Releases And Operating Results.

Net Sales Increased 102.6% to $279.1 MillionDiluted Earnings Per Share Improved to $1.03 LYNNWOOD, Wash., June 03, 2021 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the first quarter ended May 1, 2021. Net sales for the first quarter ended May 1, 2021 (13 weeks) increased 102.6% to $279.1 million from $137.8 million in the first quarter ended May 2, 2020 (13 weeks). Compared to the first quarter ended May 4, 2019 (13 weeks), first quarter 2021 net sales increased 31.1%. Net income in the first quarter of fiscal 2021 was $26.4 million, or $1.03 per diluted share, compared to a net loss of $21.1 million, or $(0.84) per diluted share, in the first quarter of the prior fiscal year. Net income for the first...

Joann Announces First Quarter Fiscal Year 2022 Results

Written by Customer Service on June 3, 2021. Posted in Earnings Releases And Operating Results.

Strong top line performance and significant expansion of gross margin Revenue and total comparable sales both increased 15.0% over the same period last year Net income increased $38.7 million to $15.1 million compared to the same period last year with diluted earnings per share (“EPS”) of $0.38 and adjusted EPS of $0.46 Adjusted EBITDA increased 165% to $57.5 million compared to the same period last year HUDSON, Ohio, June 03, 2021 (GLOBE NEWSWIRE) — JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, today reported results for its first fiscal quarter ending May 1, 2021. Wade Miquelon, JOANN’s President and Chief Executive Officer, said, “Our first quarter performance is a strong indication of the sustained momentum we have...

Five Below, Inc. Announces First Quarter Fiscal 2021 Financial Results

Written by Customer Service on June 3, 2021. Posted in Earnings Releases And Operating Results.

Net Sales increased 64% to $598 million and EPS increased 91% to $0.88 versus Q1 2019 Operating Profit grew over 2.5 times versus Q1 2019 PHILADELPHIA, PA, June 03, 2021 (GLOBE NEWSWIRE) — Five Below, Inc. (NASDAQ: FIVE) today announced financial results for the first quarter ended May 1, 2021. Given the lack of comparability to the first quarter of 2020, when the Company temporarily closed all of its stores due to COVID-19, results are also compared to the first quarter of 2019. For the first quarter ended May 1, 2021:Net sales increased by 197.6% to $597.8 million from $200.9 million in the first quarter of fiscal 2020 and by 63.9% from $364.8 million in the first quarter of fiscal 2019; comparable sales increased by 162.0% versus the first quarter of fiscal 2020. For the comparable subset of stores that were open in both the...

CN’s JJ Ruest and KCS’ Pat Ottensmeyer Emphasized Compelling Public Interest and Competitive Benefits of Transaction at Bernstein’s 37th Annual Strategic Decisions Conference

Written by Customer Service on June 3, 2021. Posted in Mergers And Acquisitions.

Figure 1CN’s JJ Ruest and KCS’ Pat Ottensmeyer Emphasized Compelling Public Interest and Competitive Benefits of Transaction at Bernstein’s 37th Annual Strategic Decisions ConferenceFully End-to-End Merger Will Provide Customers New Single-Line Service and Unchanged Number of Route Options Proposed Voting Trust Meets the Public Interest Test Under the Surface Transportation Board’s Current Merger Rules MONTREAL and KANSAS CITY, Mo., June 03, 2021 (GLOBE NEWSWIRE) — JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI) and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) (NYSE: KSU) presented today at Bernstein’s 37th Annual Strategic Decisions Conference. In their prepared remarks and the fireside chat, both CEOs articulated how the combination...

GCM Grosvenor to Present at Morgan Stanley US Financials, Payments & CRE Conference

Written by Customer Service on June 3, 2021. Posted in Public Companies.

CHICAGO, June 03, 2021 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor, will present at the 2021 Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 15, 2021 at 8:00 am Eastern. A link to the live audio webcast of the presentation is available on GCM Grosvenor’s public shareholders website and the event website. For those unable to listen to the live audio webcast, a replay will be available for six months following the presentation. About GCM Grosvenor GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $65 billion in assets under management across private equity, infrastructure, real estate, credit,...

Hammond Announces CFO Retirement and Appoints Mr. Richard Vollering as CFO and Corporate Secretary

Written by Customer Service on June 3, 2021. Posted in Public Companies.

GUELPH, Ontario, June 03, 2021 (GLOBE NEWSWIRE) — Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) today announced the appointment of Mr. Richard Vollering as Chief Financial Officer and Corporate Secretary of Hammond effective June 14, 2021. Mr. Vollering will be replacing Mr. Chris Huether, who is retiring after a 35-year career at HPS. Mr. Huether will remain with the company until the end of 2021 to ensure a smooth and orderly transition. “Richard brings a wealth of experience in international custom and standard product manufacturing within the commercial industry,” said Bill Hammond, Chairman and CEO of Hammond Power Solutions Inc. “Richard’s experience in private and public markets will be an asset as HPS looks to expand its North American product offering and grow in jurisdictions where our products are...

PyroGenesis Announces Request for Cost Estimate from Major Iron Ore Producer for Thirty-Six Plasma Torches

Written by Customer Service on June 3, 2021. Posted in Public Companies.

Validation Continues MONTREAL, June 03, 2021 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes plasma atomized metal powders, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, is pleased to announce today that further to its press release dated November 24th, 2020, it has received a request for a cost estimate for thirty-six (36) plasma torches from a major iron ore producer (the “Client”). The Client is a multi-billion-dollar international producer of iron ore pellets, one of the largest in the industry, whose name will not be disclosed for confidentiality reasons, and whose ultimate objective is to...

Fingerprint Cards AB (publ): revenues in the second quarter are expected to be partially delayed due to the Covid-19 outbreak in Vietnam. Lost sales in Q2 are expected to be made up in the coming quarters.

Written by Customer Service on June 3, 2021. Posted in Public Companies.

A covid-19 outbreak in the Vietnamese province of Bac Giang has led authorities to temporarily shut down an industrial complex, in which one of Fingerprint’s suppliers has production facilities, in order to avoid spread of the virus. Since part of the company’s revenue for the second quarter is thus delayed, the company is forced to withdraw the revenue forecast for the second quarter 2021, which was disclosed on April 20, 2021. No updated forecast can currently be provided. According to the latest information available to Fingerprints, a gradual restart of the production facilities is planned, starting in June. Fingerprints has also secured increased capacity with other suppliers during the third quarter of 2021. We therefore make the assessment that the lost sales in Q2 will be made up in the coming quarters. For further...

Month: June 2021

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